Australia’s resources and energy exports in calendar 2021 were up almost one-third on the previous year, the latest trade data confirmed. 

The Australian Bureau of Statistics’ International Trade in Goods and Services data for December 2021 shows total resources and energy exports were worth $348.9 billion in the 12 months to December 2021, which was 29 per cent higher than for the previous 12 months to December 2020.  

Minister for Resources and Water Keith Pitt said the latest monthly figures show Australia’s resource and energy exports continue to surge in record territory.

“It is important to thank the men and women in our resources and energy sector for their stellar work in ensuring our valuable commodities are meeting global demand,” Minister Pitt said.

“These export earnings continue to create and sustain jobs for Australians, particularly in regional areas.

“It also means the resulting royalties can continue to fund the infrastructure and services we rely on, such as schools, roads and hospitals.”

“Coal was again a major contributor with exports totalling $23.8 billion in the three months to December 2021 –  a massive 156 per cent higher than for the same period to December 2020.

“Liquefied natural gas exports saw a similar increase. The $18.3 billion earnt in the three months to December 2021 was 148 per cent higher than for the same period in the previous year.”

Iron ore exports earnings eased to $24.9 billion in the three months to December 2021, down 29 per cent on the previous period as prices came down from record levels. However, exports were $154.2 billion in the year to December 2021, up 32 per cent on the previous year.

“Resources remain far and away Australia’s biggest export earner, and continue to underpin the strength of the national economy,” Minister Pitt said.

“The outlook for our resources and energy sector continues to be positive as global demand for Australian resources remains strong, particularly for our coal and gas.

“The most recent forecast estimated resources and energy exports would reach a record high of $379 billion this financial year and these latest figures suggest that target will be achieved.”

Media contact: Minister Pitt's office 02 6277 7180